Canadian Millennial’s Guide to Buying a Home
The transition from rent to homeownership has many obstacles for millennials. We’ve put together this guide to help young people make homeownership work for them.
Read moreHow will Mortgage Brokerages Work in 2020?
We all know that anything mortgage brokers and their brokerages do affects the consumers that use them. So what’s going to be happening to this industry within the next 7-10 years? And how is that going to affect you? Michael Sjerven, a principal broker with Verico Vivid Mortgage in Vancouver looks at the biggest changes…
Read moreWhat do You Think of Broker Cancellation Fees?
Just like in any other business, mortgage brokers need to seize opportunities to increase their profit as much as they can. But also like other businesses, some brokers can go a bit too far. And that’s what some consumers think True North has done with their new cancellation fees. True North is the brokerage introducing…
Read moreA Down Payment – The Perfect Holiday Gift
So many of us are starting to think (or already have a closet full) of Christmas presents that we’re going to buy and give to our closest friends and family this year. But what about a down payment? Sure, it may not be exactly your most traditional holiday present, but the idea of gifting a down payment is nothing new; and it’s something we as mortgage brokers get asked about all the time. That’s because there are some very specific rules to gifting and receiving the gift of a down payment.
Read moreDifferences Between Mortgage Brokers and Mortgage Bankers
When first applying for a mortgage, you might find that there are mortgage brokers and there are bankers. But what about when you merge the two, and get a mortgage banker? What is a mortgage banker, and how do they differ from mortgage brokers?
Read moreMortgage Broker TV
Think about it. We watch decorating TV shows for countless hours on end (we must, there’s an entire industry dedicated to it.) We even watch shows where people look at new homes and try to decide on which ones to buy. So, why not watch a TV show about mortgage brokers, and how they help people get mortgages? This is the exact thing a B.C. mortgage broker asked himself; and in answer, he landed himself a role on a reality TV show that showcases the process of applying for, and giving, a mortgage.
Read moreShould Mortgage Rules be Tightened Further?
Mortgage brokers and banking economists are at odds about whether or not Canada’s mortgage rules should be tightened once again, making it more difficult for more people to get mortgages. Mortgage brokers disagree with each other, and bankers can’t seem to agree among themselves either. But why are we even asking the question?
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